Exam 19: Healthcare Economics and Policy

In Grossman's model, health is both demanded and produced by which of the following?

Which of the following are being experienced by U.S. physicians due to the primarily profit-driven healthcare system?

What is the term of the following definintion. -A model for the organization of primary care that provides comprehensive care, including preventative, acute, mental health, and chronic care through a team approach in order to reap efficiencies and enhance quality and coordination of care.

Which of the following suggests that the wave may break in the next decade for more use of electronic medical records in creating administrative efficiencies and increased quality of care?

What is the term of the following definintion. -The additional benefit received from consuming the next unit of the good or service.

As the time period lengthens, the flexibility of the firm to change production__________________ because inputs can change intensity or quantity.

Reflecting the trade-offs involved, most health systems today are neither purely centralized nor decentralized but are mixed economies.

In what type of prospective reimbursement is the size of the budget paid to the hospital set prospectively across the whole range of treatments provided and is unrelated to the actual costs incurred or to the workload?

While the goal of government regulation is to protect privacy, regulations are lagging behind which of the following?

The actual degree of substitutability between any two inputs depends on which of the following?

Insurance coverage has been shown to diminish the importance of time in the decision about how much medical care to seek and which providers to use.

What is the term of the following definintion. -Involves a market model with a few large firms and relatively high barriers to entry.

The incentive to innovate would be reduced because which of the following makes research and development activity less profitable?

Which of the following creates a barrier to entry because it reduces the number of providers in the market and decreases potential competition?

What is the term of the following definintion. -Provides health care to the individual in return for a fixed fee, therefore combing the role of third-party payer and the healthcare provider.

When insurance coverage lowers the monetary costs of healthcare services to people, there is less importance on the component of time cost.

Which type of health insurance is compulsory and funded by a combination of employer and individual contribution through nonprofit insurance funds, often regulated and subsidized by the state?

What is the term of the following definintion. -In empirical studies of healthcare costs, the amount that is left over as the unexplained variance after all known factors have been accounted for.

What is the term of the following definintion. -Power of consumers to determine which goods and services are produced in a situation where demand determines the direction of technology development in health care.

What is the term of the following definintion. -Measures how well resources are being used to maximize the production of goods and services.